Nilkamal

Nilkamal is Asia's largest plastic processor of moulded products based in Mumbai, Maharashtra, India. It is also world's largest manufacturer of moulded furniture. The market has given a big thumbs up to its Q4FY15 performance. On a 6% (YoY) rise in net sales at Rs.488 crore, the company posted a 57% jump in net profit at Rs.22 crore. EBITDA was up 17% at Rs.49 crore while margins improved from 9.13% to 1%. The company ended FY15 with a consolidated net profit of Rs.50 crore.

The company has two segments – plastics and lifestyle furniture. Plastic contributes 86% to the topline and this showed a 13% (YoY) rise in topline in Q4 though EBIT was largely flat. Lifestyle put on a poor show with revenue dipping 1% and loss of Rs.9 crore at EBIT levels. Debt is pretty small at Rs.170 crore at end of FY15, down 37%. Market cap is at Rs.725 crore. At as 31st March 2015, promoters held 64.13% stake, FII stake has risen from 1.57% to 2.25% (QoQ).